India approves policy to boost e-vehicle manufacturing-February 2024-www.financetom.com

India approves policy to boost e-vehicle manufacturing

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India approves policy to boost e-vehicle manufacturing

Mar 15, 2024 1:41 AM

NEW DELHI, March 15 (Reuters) - India on Friday approved

a new policy to boost manufacturing of electric vehicles in the

country by allowing automakers to import some cars at a lower

tax rate in exchange for setting up domestic production

facilities.

(Reporting by Tanvi Mehta and Aditi Shah; Editing by YP Rajesh)

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